DIRS.INFO The most relevant business & tech news

CompaniesLaw Firms Ripple Labs Inc FollowCoinbase Global Inc FollowJuly 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. An SEC spokesperson said the agency was pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors. XRP sales on cryptocurrency platforms by Garlinghouse and co-founder and former CEO Chris Larsen, and other distributions including compensation to employees also did not involve securities, Torres ruled. PARTIAL WIN FOR THE SECThe SEC won a partial victory as Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities. Both the Ripple and Coinbase cases focus on registration requirements and whether certain digital assets are securities under U.S. law.

Persons: XRP, Analisa Torres, Brad Garlinghouse, We’ve, Torres, Paul Grewal, Chris Larsen, Garlinghouse, Larsen, Gary DeWaal, Rosenman, Tom Emmer, Jody Godoy, Chris Prentice, Tom Hals, Chizu Nomiyama, Conor Humphries, Leslie Adler, David Gregorio Our Organizations: Labs, Ripple Labs, U.S, District, U.S . Securities, Exchange Commission, SEC, Twitter, Supreme, WIN FOR, Republican, Thomson Locations: U.S, XRP, Katten, New York, Wilmington , Delaware

☆ See How the G.O.P. Has Reacted to the Trump Indictment
▼ + stars: | 2023-06-16 | by ( Karen Yourish | Charlie Smart | ) www.nytimes.com time to read: +10 min

Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. SEN. HOUSE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative SEN. HOUSE MORE conservative According to an analysis by The New York Times, a small number of Republicans have made statements about the indictment that did not immediately dismiss the investigation.

Persons: Donald J, Biden, Trump, Brian Fitzpatrick Pa, Ken Buck Colo, Romney, Romney Utah SEN, Doug LaMalfa Calif, Mike Kelly Pa, Ted Budd N.C, Kevin Calvert Calif, George Santos N.Y, Roger Wicker Miss, SEN, Lauren Boebert Colo, Tom Emmer Minn, Ted Cruz Texas, Ted Cruz Texas SEN, HOUSE Lauren Boebert Colo, Byron Donalds, Eli Crane Ariz ., Ron Johnson Wis, HOUSE, HOUSE Byron Donalds, Paul Gosar Ariz, Josh Hawley Mo, “, ”, Don Bacon of Nebraska, Hillary Clinton, Joe Biden, Kevin McCarthy, —, Daniel Webster, Donald Trump, Steve Scalise, Diana Harshbarger, Mike Lee, Jack Smith, General Merrick Garland, Garland, Biden’s, Hunter, Trump’s Organizations: Senate, MORE, SEN, HOUSE Byron, The New York Times, ”, Justice Department, Biden’s Department of Justice, DOJ, Twitter, The, Department, White Locations: United States, Ken Buck Colo ., Romney Utah, Byron Donalds Fla, SEN, HOUSE Byron Donalds Fla, Florida, Tennessee, Venezuela, Bolivia, Nicaragua, America, Utah

☆ 'Livid' US House conservatives poised for next battle with McCarthy
▼ + stars: | 2023-06-12 | by ( David Morgan | ) www.reuters.com time to read: +3 min

[1/2] U.S. House Speaker Kevin McCarthy (R-CA) speaks to reporters on Capitol Hill in Washington, U.S., June 8, 2023. The House is scheduled this week to consider Republican messaging bills that were delayed by the standoff. McCarthy can afford to lose no more than four Republican votes on any measure that faces uniform opposition from Democrats. Norman and other conservatives want 12 appropriations bills that Congress will try to pass in coming months to contain deeper spending cuts included in a Republican debt ceiling bill that passed the House in April. But moderate Republicans warned that hardball tactics could backfire on conservatives if party infighting forces Republican leaders to rely on Democratic votes to move critical legislation.

Persons: Kevin McCarthy, Amanda Andrade, Rhoades, Ralph Norman, McCarthy, We'll, Tom Emmer, Joe Biden, Norman, Don Bacon, David Morgan, Mary Milliken, Paul Simao Organizations: ., Capitol, REUTERS, U.S . House, Freedom Caucus, Reuters, Republicans, Republican, Democrats, Democratic, Thomson Locations: Washington , U.S, WASHINGTON, Washington

WASHINGTON, April 26 (Reuters) - The U.S. House of Representatives will vote on a Republican bill to raise the U.S. government's $31.4 trillion debt ceiling and slash spending on Wednesday, after days of negotiations to win the support of reluctant Republican lawmakers. A procedural vote to allow debate on the bill passed in a 219-210 party-line vote earlier on Wednesday. Republican critics including hardline House Freedom Caucus Chairman Scott Perry and Representative Nancy Mace said they had dropped their opposition to the bill. Bending to the far-right wing of the party, Republicans also accelerated some new, tougher work requirements for receiving Medicaid healthcare benefits for the poor. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

Hard-right Republicans Chip Roy, Thomas Massie and Ralph Norman huddled in a Capitol hallway during a lengthy Rules Committee recess. The House could still try for passage on Wednesday if the Rules Committee votes to advance it. McCarthy and other House Republican leaders were working to shore up support for the bill that would raise the current $31.4 trillion limit on Washington's borrowing authority. It could be difficult for Congress to raise the debt ceiling before then if House Republicans are unable to unite behind a proposal, analysts say. Treasury Secretary Janet Yellen warned on Tuesday that a failure to raise the debt ceiling would trigger a "financial catastrophe" that would sharply raise the cost of borrowing money.

☆ GOP debt ceiling bill faces its first test as analysts warn U.S. faces default risk as early as June
▼ + stars: | 2023-04-25 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

Speaker of the House Kevin McCarthy, R-Calif., walks out with House Republicans to speak about the passage of H.R. Goldman Sachs analysts wrote that their "base case remains for the debt limit deadline to fall in late July," as long as tax receipts only fall by 30%. This is the projected date the Treasury Department will exhaust the emergency measures it is taking to prevent a federal debt default. Instead, it is intended to serve as McCarthy's opening salvo in his looming negotiation with Biden over the debt limit and federal spending. Over the weekend, Emmer said that while the final bill might not be perfect, the alternative for a Republican House member would be worse.

McCarthy told reporters in the U.S. Capitol. Biden said Congress must raise the debt ceiling without conditions, as it did three times under Republican President Donald Trump. It could be difficult for Congress to raise the debt ceiling before then if House Republicans are unable to unite behind a proposal, analysts say. Treasury Secretary Janet Yellen warned on Tuesday that a failure to raise the debt ceiling would trigger a "financial catastrophe" that would sharply raise the cost of borrowing money. Manhattan Institute senior fellow Brian Riedl gives House Republicans a 50-50 chance of passing the legislation this week.

☆ Majority Whip Rep. Emmer on debt ceiling deal: We have to get this done for the American people
▼ + stars: | 2023-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajority Whip Rep. Emmer on debt ceiling deal: We have to get this done for the American peopleMajority Whip Rep. Tom Emmer (R-MN.) joins 'Squawk Box' to discuss the latest on debt limit negotiations, the upcoming U.S. House vote on the GOP debt limit bill this week, and more.

Failure to raise the debt ceiling would lead to default that would shake the U.S. and world economies. McCarthy said the package would lower spending by $4.5 trillion over the coming 10 years. Biden reiterated his position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under his Republican predecessor, Donald Trump. POTENTIAL CONSEQUENCESThe nonpartisan Committee for a Responsible Federal Budget praised McCarthy's plan as a "realistic and extremely welcome first step." A lengthy 2011 standoff over the debt ceiling led to a first-ever downgrade of the federal government's credit rating, which rattled markets and raised borrowing costs.

☆ Republican McCarthy eyes $1.5 trln lift of US debt ceiling, spending cuts
▼ + stars: | 2023-04-19 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

McCarthy said they would serve as the basis for negotiations between the two parties over raising the $31.4 trillion debt limit in the coming months. The White House reiterated its position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump. At an appearance outside Washington, Biden said Republicans were threatening to push the United States into a historic default that would shake the world economy. McCarthy leads a fractious caucus that includes a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. So far House Republicans have not produced a budget plan of their own, a move that Biden contends would be a necessary starting point for negotiations on spending.

☆ Republican McCarthy to unveil plan to lift US debt ceiling by $1.5 trln -sources
▼ + stars: | 2023-04-19 | by ( Richard Cowan | ) www.reuters.com time to read: +3 min

REUTERS/Amanda Andrade-Rhoades/File PhotoWASHINGTON, April 19 (Reuters) - U.S. House Speaker Kevin McCarthy on Wednesday plans to unveil a plan to raise the nation's debt ceiling by $1.5 trillion, two sources said, as Republicans dig in on a standoff with Democrats over the government's borrowing limit. A source who was briefed on McCarthy's proposal but not allowed to speak publicly, said the speaker would propose a $1.5 trillion increase in the limit. McCarthy leads a fractious caucus that holds a narrow 222-213 majority, including a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. Even if McCarthy's proposal were to pass the House, it would be unlikely to find support in the Democratic-controlled Senate. The nonpartisan Congressional Budget Office last month laid out a range of options to address the debt, which showed that higher tax collections would have significantly more impact than spending cuts.

☆ U.S. House Republicans tangle over debt limit, spending cut plans
▼ + stars: | 2023-04-18 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

Sometime this summer, the Treasury Department will be unable to manage its debt under the current $31.4 trillion limit on borrowing, according to the Biden administration and the non-partisan Congressional Budget Office. "Don't bother with partisan wish lists and unrealistic proposals that will never solve this debt default crisis," Senate Majority Leader Chuck Schumer, a Democrat, warned House Republicans in a speech to the Senate. But Mace said McCarthy showed rank-and-file Republicans a series of options, projected onto a screen, that included the possibilities of a $1 trillion or $2 trillion debt limit increase with various time frames attached. Perry said referring to a debt limit hike. Hern did not respond directly when asked whether House Republicans would pare back funding for some federal law enforcement, such as the FBI, as former President Donald Trump has urged.

☆ House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Any proposal Republicans introduce would need to be negotiated with Biden's Democrats, who control the Senate, before it could become law. The White House, which is leading the Democrats' approach to the debt ceiling, has dismissed the Republican proposals as unrealistic. That would set the stage for another debt ceiling debate in the closing months of the 2024 presidential campaign. Biden and McCarthy met at the White House in February to discuss the standoff, but they have not held further talks as the administration has called on House Republicans to release a budget proposal. Some Republicans also favor the clean debt ceiling increase that Biden has demanded.

☆ U.S. House Republicans chart new strategy to pressure Biden, Democrats
▼ + stars: | 2023-04-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

☆ Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse
▼ + stars: | 2023-03-16 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Cathie Wood said the central bank's tightening campaign was fuel for the banking crisis. "I am baffled that banks and regulators could not convince the Fed that disaster loomed." The famed money manager cited the US central bank's aggressive approach to raising interest rates in a short period of time. As a result, the US government stepped in to backstop all deposits at both Signature and SVB. "I am baffled that banks and regulators could not convince the Fed that disaster loomed," Wood said.

☆ Reaction to Biden's 2024 budget proposal
▼ + stars: | 2023-03-09 | by ( Katharine Jackson | ) www.reuters.com time to read: +3 min

REUTERS/Leah MillisWASHINGTON, March 9 (Reuters) - U.S. President Joe Biden on Thursday delivered a budget proposal that includes a robust spending agenda, higher taxes on the wealthy and plans to reduce the deficit, a document that forms the blueprint for his expected 2024 re-election bid. Here is reaction to Biden's budget proposal to Congress for the 2024 fiscal year:HOUSE BUDGET COMMITTEE CHAIR JODEY ARRINGTON, A REPUBLICAN FROM TEXAS:"His policies have led to 40-year record inflation, soaring interest rates, and the prospect of a sustained economic recession. Unfortunately, Biden’s latest budget is more of the same bloated bureaucracy at the expense of working families, while sticking our grandchildren with the bill." HOUSE DEMOCRATIC LEADER HAKEEM JEFFRIES, ON TWITTER:"The Biden budget plan protects Social Security, strengthens Medicare and invests in our children. SENATOR CHUCK GRASSLEY:"Even with near-record revenues, President Biden wants to raise taxes on every segment of America.

☆ McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in 2020 and 2022 elections
▼ + stars: | 2023-02-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

McCarthy's refusal to meet with the Chamber is the latest strike in an ongoing feud between some House Republican members and the Chamber of Commerce. Tim Doyle, a spokesman for the Chamber of Commerce, told CNBC in a statement that the group's policies are more in line with House Republicans than Democrats. Representatives for House Majority Whip Tom Emmer, R-Minn., House Republican Conference Chair Rep. Elise Stefanik, R-N.Y., and Rep. Gary Palmer, R-Ala., did not return requests for comment. McCarthy's ire against the Chamber started after the group endorsed 23 House Democrats in the 2020 election cycle when Republicans failed to regain the majority. The Chamber reportedly endorsed 23 House Republican candidates and four Democrats during the 2022 election fight.

☆ Over half of the House GOP and nearly all Senate Republicans signed briefs urging the Supreme Court to block Biden's student-loan forgiveness
▼ + stars: | 2023-02-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Friday, 128 of the 222 House Republicans signed onto an amicus brief urging the Supreme Court to block student-debt relief. They both argued that Biden doesn't have the authority to cancel student debt using the HEROES Act of 2003. On Friday, 128 House Republicans signed onto an amicus curiae brief urging the nation's highest court to block Biden's plan to forgive up to $20,000 in student debt for federal borrowers. That's just over half of the GOP composition in the House, with 222 Republicans holding a slim majority in that chamber. Both of the briefs argued that the HEROES Act does not allow for broad loan forgiveness, which a series of other conservative groups reiterated in their own briefs filed to the Supreme Court this week.

☆ George Santos is now more well-known than every top House Republican besides Kevin McCarthy
▼ + stars: | 2023-01-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

According to a new poll, Santos is now more well known than most of the top House Republican leaders. According to the poll of American adults, more people have views on Santos than House Majority Leader Steve Scalise or House Majority Whip Tom Emmer, the No. The most powerful Congressional leaders, Senate Majority Leader Mitch McConnell and House Speaker Kevin McCarthy, were still more well known, though not by much. According to the poll, Santos is viewed more unfavorably than any congressional leader. Navigator research found Americans were more familiar with him than Rep. Jim Jordan of Ohio, the newly-named chairman of the powerful House Judiciary Committee.

Rep. Jim Banks, R-Ind., on Tuesday announced his campaign for the Senate seat held by GOP Sen. Mike Braun, who decided against running for re-election in 2024 and will run for Indiana governor instead. Banks, a staunch ally of former President Trump, is the first candidate to enter the Senate race. Mitch Daniels if he jumps into the Senate race. Banks’ Senate campaign is endorsed by Rep. Larry Buschon, R-Ind., Sen. Tom Cotton, R-Ark., state Rep. Michelle Davis and state Sen. Justin Busch. After Pelosi rejected Banks and Rep. Jim Jordan of Ohio, McCarthy ultimately withdrew all five names.

☆ House Republicans move to regulate crypto industry with a new subcommittee
▼ + stars: | 2023-01-13 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

The unregulated nature of the crypto industry emerged as a pressing concern late last year after the collapse in November of crypto exchange FTX. Hill has been an enthusiastic supporter of the crypto industry. Emmer described actions taken by Securities and Exchange Commission Chair Gary Gensler as "haphazard and unfocused." Senate Democrats, meanwhile, have already begun to prepare their own efforts to oversee the crypto industry and dictate enforcement actions. The commission charged crypto lender Genesis and crypto exchange Gemini with the unregistered sale and offering of securities on Thursday, the same day that Hill announced the subcommittee.

WASHINGTON — George Santos, the 34-year-old New York Republican who's confessed to lying about part of his background, was sworn into the House early Saturday amid several investigations into his campaign and calls for him to resign. Santos officially took office when the new Congress was convened after Republicans finally elected Rep. Kevin McCarthy, R-Calif., as House speaker. And despite presenting himself as Jewish during his congressional campaigns, Santos told the Post, "I never claimed to be Jewish." Several House Democrats have criticized Santos, but none more than Rep. Ritchie Torres of New York, who's taken to trolling Santos on social media. Former Rep. Kevin Brady, R-Texas, who recently retired from Congress, said Sunday that Santos should consider resigning.

Share this -Link copiedMcCarthy elected speaker in 15th round McCarthy was elected House speaker Saturday shortly after midnight on the 15th ballot. Share this -Link copiedHouse reconvenes to hold 14th round of speaker votes The House has reconvened to begin the 14th round of speaker votes. Read the rest of the story, The House speaker election, in three charts. Share this -Link copiedHouse begins 13th round The House is beginning the 13th round of speaker votes. At least 14 House GOP flip to support McCarthy in twelfth speaker vote Jan. 6, 2023 01:52 Share this -Link copied

WASHINGTON — House Republican leader Kevin McCarthy and his conservative detractors on Wednesday night inched closer to a deal designed to flip some no votes to the yes column. And because of the GOP’s new razor-thin majority, McCarthy can only afford four GOP defections on any speaker vote. “We have zero trust in Kevin McCarthy. “We’ll see,” said Rep. Chip Roy, R-Texas, one of the 20 defectors, when asked if McCarthy will be speaker. “If it takes till tomorrow, it takes till tomorrow; if it takes till the 4th of July, it takes till the 4th of July,” said Rep.

On Thursday, the House enters its third day of the new Congress without a speaker under the new GOP majority. Until Republicans have enough votes for a candidate, all other House business remains at a standstill. During the six speaker votes this week, 20 conservatives have stuck together to deny GOP leader Kevin McCarthy of California the 218 votes needed to win the speaker's gavel. House Republican leader Kevin McCarthy, R-Calif., leaves the House Chamber following a day of votes for the new Speaker of the House at the U.S. Capitol on Wednesday. Kevin Dietsch / Getty ImagesAfter the sixth failed vote, McCarthy and his must trusted allies huddled with his most fervent opponents for more than two hours in the first-floor Capitol office of Majority Whip Tom Emmer, R-Minn.

Search resuls for: "Tom Emmer"

25 mentions found